Financial Planning for Schools in Minnesota
One of the best ways to make sure that your school district does well is through savvy financial planning. Here at School Management Services, we can help you manage all aspects of your finances by offering everything from revenue projections and budgets to enrollment projections.
With our help, you will be able to better plan for the future and always have the resources you need to succeed. Learn more about the financial planning services we offer to districts throughout Minnesota below.
How we can optimize your finances
- 5-Year Financial Planning Model
- Revenue Projections
- Budget Development
- Enrollment Projections
- Staff Planning
- Bond/Operating Referendum Planning
- Structural Balance
- Negotiations Costing
Multi-Year Financial Planning Model – Minnesota School Districts are experiencing times of uncertain funding levels and volatile changes in student enrollments, so it is critical for them to have an interactive planning model to create a long-range plan to visualize the impact of these variables.
Budget Development
– SMS provides the Board with a budget cycle that will consist of budget adoption (May/June), Revisions (Nov/Dec), and a Final revision (Feb/Mar). Negotiations Support and Costing – Salaries and benefits account for approximately 75% of the district's General Fund budget. A first step to creating boundaries for negotiations relates to the creation of a realistic long-range plan. SMS will bring expertise, knowledge, and third-party examples of what is being done to control the district's salary and benefit costs.
Bond/Operating Referendum Planning
– Due to the inadequate levels of funding and frequent changes in building space needs, it is important to have the ability to adequately plan for the utilization of these funding and financing tools. SMS is well versed in the tools available to fund projects and the planning and communications that are necessary to successfully achieve community support in passing referendums.
